Common use of PROMPT PAYMENT DISCOUNT Clause in Contracts

PROMPT PAYMENT DISCOUNT. Enter X.X% Prompt Payment Discount if Bidder will offer one. Bidder Name TALX Corporation Tier 1 1-49,999 Mandatory Instantaneously* $15.75 $17.33 $19.06 More than 30 min but less than 24 hours (1 day) $15.75 $16.54 $17.36 More than 24 hrs (one (1) day) but less than three (3)days $15.75 $16.54 $17.36 Desirable More than 3 days but less than 1 week (seven (7) days)) $15.75 $16.54 $17.36 More than 1 week (seven (7) days)) but less than 30 days $15.75 $16.54 $17.36 Tier 2 50,000- 199, 999 Mandatory Instantaneously * $11.10 $12.21 $13.43 More than 30 min but less than 24 hours (1 day) $15.75 $16.54 $17.36 More than 24 hrs (one (1) day) but less than three (3)days $15.75 $16.54 $17.36 Desirable More than 3 days but less than 1 week (seven (7) days)) $15.75 $16.54 $17.36 More than 1 week (seven (7) days)) but less than 30 days $15.75 $16.54 $17.36 Tier 3 200,000- 599,999 Mandatory Instantaneously* $8.77 $9.65 $10.61 More than 30 min but less than 24 hours (1 day) $15.75 $16.54 $17.36 More than 24 hrs (one (1) day) but less than three (3)days $15.75 $16.54 $17.36 Desirable More than 3 days but less than 1 week (seven (7) days)) $15.75 $16.54 $17.36 More than 1 week (seven (7) days)) but less than 30 days $15.75 $16.54 $17.36 Tier 4 600,000 - 899,000 Mandatory Instantaneously* $6.03 $6.63 $7.30 More than 30 min but less than 24 hours (1 day) $15.75 $16.54 $17.36 More than 24 hrs (one (1) day) but less than three (3)days $15.75 $16.54 $17.36 Desirable More than 3 days but less than 1 week (seven (7) days)) $15.75 $16.54 $17.36 More than 1 week (seven (7) days)) but less than 30 days $15.75 $16.54 $17.36 Tier 5 900,000+ Mandatory Instantaneously* $5.85 $6.44 $7.08 More than 30 min but less than 24 hours (1 day) $15.75 $16.54 $17.36 More than 24 hrs (one (1) day) but less than three (3)days $15.75 $16.54 $17.36 Desirable More than 3 days but less than 1 week (seven (7) days)) $15.75 $16.54 $17.36 More than 1 week (seven (7) days)) but less than 30 days $15.75 $16.54 $17.36 Monthly Account Service Fee ($2,500) $60,000.00 $30,000.00 $30,000.00 Monthly Account Service Fee ($2,500) $60,000.00 $30,000.00 $30,000.00 Monthly Account Service Fee ($2,500) $60,000.00 $30,000.00 $30,000.00 Monthly Account Service Fee ($2,500) $60,000.00 $30,000.00 $30,000.00 Monthly Account Service Fee ($2,500) $60,000.00 $30,000.00 $30,000.00 One Time Fee (i.e. set up fees) Total $0.00 This prompt payment discount will be applied to all monthly invoices if payment is provided within 20 calendar days of purchaser’s receipt of the invoice.

Appears in 2 contracts

Sources: Master Contract, Master Contract